Nasdaq's Good News, Bad News
Traders Magazine, March 2002
Nasdaq had a good 2001, but its fourth quarter was a rocky three months. Citing problems caused by the Sept. 11 tragedy and by its planned separation from its parent, NASD, Nasdaq lost $13.3 million in the fourth quarter compared to a gain of $10.1 million for the fourth quarter of the previous year. Excluding an extraordinary $21.9 million charge, Nasdaq officials said they would have gained $8.6 million in the fourth quarter of 2001. But even dismissing that charge, net income would still have declined by some 20 percent quarter top quarter.
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